1205 BUSINESS STATISTICS - I 1. Introduction: Definition, nature and Scope of Statistics, Functions & Limitation, Use of Statistics in business, 2. Collection, Procession and Presentation of Business Data: Collection of primary and secondary data, classification, types of classification, frequency distribution, cumulative frequency distribution, diagrammatic and graphical representation of data. Measures of Central Tendency: Mean, Median, Mode, Geometric Mean and Harmonic Mean - their computation and properties. + Measures of Dispersién: Absolute and Relative Measures of Dispersion, their computation & properties. Moments, Skewness and Kurtosis: Definitions, their computations and uses in business. 6. Correlation and Regression: Concept of correlation and regression, their computation, fitting of regression lines. ue on <1 Time series Analysis: Concepts, Components of time series. The trend, Fitting of trend by least square method and moving average method, uses of time series in business. 8. Index Number: Definition — Problems for construction, Construction of Price, quantity, value and cost of living index numbers, ideal index, tests and uses of index numbers. Recommended Books 1. Richard I Levin and David S Rubin. Statistics for Management, Prentice-Hall India 2. S.P. Gupta & M.P. Gupta, Business Statistics, Sultan Chand and Sons. 20